Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
Facebook (FB) is recently down $1.22 to $26.94. June put option implied volatility is at 69, July is at 67, August is at 71 above levels of 64 from May 29.
Gaylord Entertainment (GET) is recently up $2.49 to $37 on the sale of the Gaylord Hotels brand and the rights to manage its four hotels to Marriott International (MAR) for $210M in cash and Gaylord reorganizing into a REIT. July option implied volatility of 55 is above its 26-week average of 50.
Ciena (CIEN) is recently up $1.37 to $13.23 after reporting Q2 beat on better than expected top-line, lower operating expenses and inline guidance. July and August call option implied volatility of 59 is above its 26-week average of 56.
U.S. equities are mixed as Treasury’s rally on European crisis issues.
CBOE Volatility Index (VIX) traded up to Dec 2011 high on wide intra-day price range of 23.45 – 25.46.